Vitalik Buterin continues to sell meme coins, sparking reactions in the market
Vitalik Buterin sold meme coins worth 139,000 USD, and ESTEE's shares rose by 100% after the sale. The
proceeds are allocated to charity, and he urges projects to donate directly.
Despite the intensive sales, meme coins maintain strong momentum in the market.
Vitalik Buterin, co-founder of Ethereum, has once again sold a massive amount of meme coins that were gifted to him, sparking widespread controversy in the cryptocurrency community. Despite the large sales, the meme coin sector has remained resilient, with some of its holdings recording massive increases since the beginning of the year.
Decline in recent sales by Vitalik Buterin
Data from the Lookonchain platform on the network indicates that Buterin sold a number of meme coins, trading for a total amount of approximately 139,000 USD. The most notable deals included the sale of 340 billion DOG for 19,000 USD and 10 trillion DINU for 4,181 USD. However, the largest deal was ESTEE, which was sold for more than 116,000 USD.
Interestingly, after the sale, the price of ESTEE saw an increase of nearly 100%, along with a trading volume increase of 9000%, pushing it to over 3 million USD. This has sparked controversy regarding the impact of Buterin's trades on the meme coin market.
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